By William Gullotti
Buffalo, N.Y., April 4 – GS Finance Corp. priced $946,000 of autocallable contingent coupon equity-linked notes due May 7, 2026 linked to the worst performing of the stocks of Amazon.com, Inc., PayPal Holdings, Inc. and Nvidia Corp., according to a 424B2 filing with the Notes and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 8% if each stock closes at or above its coupon barrier price, 60% of its initial share price, on the valuation date for that period.
The notes will be automatically called at par plus the coupon if each stock closes at or above its initial share price on any quarterly evaluation date after six months.
If the notes are not called and each stock finishes at or above its trigger buffer price, 50% of its initial share price, the payout at maturity will be par plus any coupon due. Otherwise, investors will be fully exposed to the losses of the worst performer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked notes
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| Underlying stocks: | Amazon.com, Inc., PayPal Holdings, Inc. and Nvidia Corp.
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| Amount: | $946,000
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| Maturity: | May 7, 2026
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| Coupon: | 8% annualized rate, payable quarterly if each stock closes at or above coupon barrier price on valuation date for that period
|
| Price: | Par
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| Payout at maturity: | Par plus any coupon if each stock closes at or above trigger buffer price; otherwise, full exposure to losses of worst performer
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| Call: | Automatically at par plus coupon if each stock closes at or above initial level on any quarterly valuation date after six months
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| Initial share prices: | $3,467.42 for Amazon, $262.29 for PayPal and $600.38 for Nvidia
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| Coupon barrier prices: | 60% of initial share prices
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| Trigger buffer prices: | 50% of initial share prices
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| Pricing date: | April 30, 2021
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| Settlement date: | May 5, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4%
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| Cusip: | 40057H5P1
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